South Korea Archives - Page 3 of 5

South Korea Moves Forward With Crypto Regulation, Eyes Stablecoin Oversight

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A South Korean lawmaker has introduced a comprehensive bill aimed at establishing a more structured regulatory environment for crypto assets in the country. The proposed legislation, known as the Digital Asset Basic Act, was announced Tuesday by Min Byeong-deok, a member of […]

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South Korean Coin Gate Lawmaker Kim Nam-guk Set For Key Government Role

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Kim Nam-guk, the South Korean lawmaker at the center of the nation’s “Coin Gate” scandal, is set to join the government of the newly elected South Korean President Lee Jae-myung. Lee won the election with a comfortable margin earlier this month. He has since begun assembling his cabinet after making a series of pro-business crypto

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Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea

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Since late May—spanning the past 17 days—the price gap for bitcoin in South Korea has climbed, topping a 3% difference by month’s end. As of Sunday, June 8, bitcoin is trading in the country at more than $1,500 above the worldwide average. Crypto Prices Break Away in South Korea, Sparking Premium Frenzy Bitcoin is currently

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South Korean Parliament ‘Poised to Approve Tokenized Securities Bill’

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The South Korean parliament could soon approve a draft tokenized securities bill, finally giving domestic firms the right to launch blockchain technology-powered coins tied to real estate, raw materials, livestock, and copyrighted works. According to the South Korean news agency Yonhap, two bills that propose institutionalizing tokenized securities are pending before the National Assembly’s Political

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South Korea Elects Pro-Bitcoin President, Spot Crypto ETFs on the Way?

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Lee Jae-myung took the South Korean presidential oath on Wednesday, after winning with 49.42% of the votes. The pro-crypto president made several vows, including the country’s economic renewal and recovery after the martial law crisis. Both leading presidential candidates, Lee Jae-myung (Democratic Party) and Kim Moon-soo (People’s Power Party), are in favor of pro-crypto regulations,

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South Korea Lenders See Political Transition as Chance to Revamp Crypto Sector

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Leading banks in South Korea are urging the incoming administration to revamp financial regulations that limit their role in the virtual asset sector. The call reflects a broader ambition among lenders to compete more effectively with tech firms and gain entry into fast-evolving nonbanking markets. The Korea Federation of Banks revealed Tuesday that it had

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WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

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South Korean gaming firm Wemade is preparing for a new chapter after a Seoul court rejected its bid to stop the delisting of its cryptocurrency, WEMIX, from major domestic exchanges. On May 30, the Seoul Central District Court dismissed Wemade’s injunction request to block the termination of WEMIX trading support. The decision clears the way

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Bank Of Korea Dives Into Crypto: Deposit Tokens Head To Public Chains

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bank of Korea is moving ahead with plans to tie its own digital tokens to the wider crypto world. It wants to link a central‐bank deposit token to public blockchain networks. This push could reshape how money moves in South Korea

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Bank of Korea Plans to Integrate Deposit Tokens on Public Blockchain Networks

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The Bank of Korea (BOK) is exploring the integration of central bank deposit tokens with public blockchain networks. Deputy Governor Lee Jong-ryeol outlined the bank’s vision during the ‘Blockchain Leaders Club’ event on Tuesday. “We are considering a plan to link the Bank of Korea’s deposit tokens with the public blockchain system,” Lee said, according

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South Korea’s Biggest Party Urges ‘Expedited KRW Stablecoin Rollout’

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Lawmakers close to Lee Jae-myung, the frontrunner in the South Korean presidential elections, have called for Seoul to steal a march on Washington by fast-tracking the rollout of a KRW stablecoin. The South Korean media outlet Edaily quoted Min Byoung-dug, a lawmaker for the Democratic Party and the chairman of the party’s Digital Asset Committee,

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